Questions are being asked as to why Finest Food Products Limited was placed in receivership amid an apparent falling out between directors.
Finest Food Products, which manufactures food and milkshake syrup brands Kapiti Kitchen, Supreme and The Goodness, was placed into receivership on January 10.
Staples Rodway's Tony Maginness and Jared Booth were brought in and appointed receivers of the business.
Finest Food Products was majority owned by Andrew Brodie, who purchased the 35-year-old business in 2013 having previously sold Roasted Addiction Coffee to Retail Food Group for $4m in 2011.
However, a document obtained by the Herald questions whether the company should have been placed into receivership in the first place.